VOL. XXXVI

NO. 51

20-SEPTEMBER-1993

Francisco Parra Proposes "Production Set-Aside" Mechanism AsSolution To OPEC's Price Problem

Another idea for the solution to OPEC's chronic problem of price weakness hasbeen put forward by a former Secretary General of OPEC, Mr. Francisco Parra. Mr.Parra, who was also formerly Managing Director of the London office of Petroleosde Venezuela, is now an oil consultant based in Reading and Oxford. His proposal- outlined in a letter to the current OPEC Secretary...